Ganga Forging quarterly results and financials

Ganga Forging (GANGAFORGE)₹1.34+0.75%(9 Nov 2026 close)Castings & Forgings

Key facts

In the Jun 2026 quarter (standalone), Ganga Forging reported sales of ₹7.22 Cr, down 7.1% from Jun 2025, and net profit of ₹1.05 Cr. For the year to Mar 2026, sales were ₹35.75 Cr and net profit −₹3.64 Cr.

Sales (Jun 2026): ₹7.22 Cr
Net profit (Jun 2026): ₹1.05 Cr
Sales (FY Mar 2026): ₹35.75 Cr
Net profit (FY Mar 2026): −₹3.64 Cr
EPS (Jun 2026): ₹0.02
Borrowings (Mar 2026): ₹20.07 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Ganga Forging quarterly results

₹ crore unless stated; each column is a quarter.

Ganga Forging Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	8.60	8.58	10.27	8.54	11.55	11.71	11.56	7.77	8.30	8.91	10.77	7.22
Expenses	8.04	7.93	9.47	7.94	10.94	11.22	10.99	7.83	10.64	8.50	10.85	6.54
Operating Profit	0.55	0.65	0.81	0.60	0.60	0.50	0.59	−0.07	−2.35	0.41	−0.11	0.68
OPM %	6.3%	7.5%	7.8%	6.9%	5.1%	4.2%	5.0%	−0.8%	−28.3%	4.5%	−0.9%	9.3%
Other Income	0.04	0.02	0.08	0.20	0.16	0.32	−0.02	0.38	0.02	0.13	0.03	0.80
Interest	0.19	0.23	0.30	0.30	0.24	0.23	0.23	0.24	0.24	0.20	0.29	0.22
Depreciation	0.21	0.21	0.33	0.24	0.26	0.26	0.28	0.26	0.27	0.27	0.34	0.28
Profit before tax	0.18	0.22	0.25	0.25	0.25	0.32	0.07	−0.20	−2.85	0.06	−0.70	0.97
Tax %	−29.5%	−9.6%	108.3%	−20.9%	−12.6%	12.9%	366.6%	47.3%	3.5%	20.0%	−33.4%	−10.5%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99
Net Profit	0.21	0.22	−0.01	0.28	0.27	0.26	−0.14	−0.28	−2.93	0.03	−0.45	1.05
EPS (Rs)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−0.08	0.00	0.00	0.02

Ganga Forging profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Ganga Forging Profit and loss
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	24.96	27.97	23.72	23.05	28.93	33.53	37.33	43.34	35.75	35.20
Expenses	22.94	25.60	24.47	21.35	26.34	31.47	34.81	41.09	37.82	36.53
Operating Profit	1.98	2.36	−0.76	1.71	2.56	2.01	2.51	2.27	−2.12	−1.37
OPM %	7.9%	8.5%	−3.2%	7.4%	8.9%	6.0%	6.7%	5.2%	−5.9%	−3.9%
Other Income	0.04	0.18	0.11	0.09	1.27	0.58	0.11	0.65	0.53	0.98
Interest	0.80	1.13	1.28	0.80	0.96	0.82	0.86	0.97	0.94	0.95
Depreciation	0.49	0.73	0.87	0.86	0.87	0.87	0.99	1.06	1.18	1.16
Profit before tax	0.72	0.67	−2.81	0.15	1.99	0.89	0.76	0.88	−3.70	−2.52
Tax %	35.2%	21.2%	−24.7%	−85.8%	47.4%	−88.7%	41.3%	28.7%	−0.8%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99
Net Profit	0.45	0.51	−2.11	0.24	1.02	1.65	0.43	0.60	−3.64	−2.30
EPS (Rs)	0.01	0.01	−0.07	0.00	0.03	0.05	0.00	0.01	−0.10	−0.06
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Ganga Forging balance sheet

₹ crore, at each year end.

Ganga Forging Balance sheet
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5.58	7.96	7.96	10.62	10.62	10.62	13.43	13.50	13.50
Reserves	3.01	6.16	4.04	0.11	1.04	2.73	17.96	18.66	14.99
Borrowings	7.82	12.66	11.55	10.53	11.66	14.29	9.97	16.55	20.07
Other Liabilities	8.74	8.47	9.46	9.68	7.70	7.05	4.94	9.93	11.89
Total Liabilities	25.15	35.25	33.01	30.94	31.02	34.69	46.30	58.64	60.45
Fixed Assets	9.33	15.65	15.03	14.53	13.89	15.52	16.45	17.76	20.38
CWIP	0.00	0.00	0.35	0.00	2.20	0.74	0.00	0.38	0.01
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	15.82	19.60	17.63	16.41	14.93	18.43	29.85	40.50	40.06
Inventories	5.72	8.72	7.29	7.87	9.01	11.15	16.03	19.27	19.08
Trade receivables	8.11	9.12	8.75	7.20	4.80	5.69	8.45	7.99	5.67
Cash & equivalents	0.01	0.08	0.06	0.18	0.00	0.17	0.85	0.31	0.11
Total Assets	25.15	35.25	33.01	30.94	31.02	34.69	46.30	58.64	60.45

Ganga Forging cash flow

₹ crore, for each year.

Ganga Forging Cash flow
	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−1.84	2.36	1.99	1.34	−1.10	−10.67	−4.12	0.37
Cash from investing activity	−6.90	−0.59	−0.02	−1.68	−0.55	−1.15	−2.20	−3.14
Cash from financing activity	8.78	−1.75	−1.82	0.18	1.80	12.44	5.77	2.58
Net cash flow	0.06	−0.01	0.11	−0.16	0.16	0.67	−0.52	−0.19
Capex	7.44	0.61	0.96	2.49	1.26	1.17	2.64	3.53
Free cash flow	−8.73	1.74	1.68	−0.38	−1.64	−11.80	−6.35	−2.80
CFO / OP %	−68.9%	−312.9%	124.1%	52.1%	−50.9%	−426.0%	−182.0%	−25.0%

Ganga Forging ratios

Working-capital days and returns, by year.

Ganga Forging Ratios
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	118	119	135	114	60	61	82	67	57
Inventory days	133	—	—	205	181	182	245	244	267
Days payable	164	—	—	185	83	77	30	82	117
Cash conversion cycle	88	119	135	135	159	168	298	230	208
Working capital days	0	39	−4	13	31	27	163	97	83
ROCE %	—	7.5%	−6.1%	4.3%	9.7%	4.7%	4.6%	3.1%	−6.5%

Ganga Forging: frequently asked questions

What are the latest quarterly results of Ganga Forging?

For the Jun 2026 quarter, Ganga Forging reported sales of ₹7.22 Cr, down 7.1% year on year and net profit of ₹1.05 Cr. The operating margin was 9.3%.

What is the annual revenue of Ganga Forging?

Ganga Forging's sales for the year to Mar 2026 were ₹35.75 Cr; over the last twelve months they were ₹35.20 Cr.

What is the net profit of Ganga Forging?

Net profit for the year to Mar 2026 was −₹3.64 Cr, and −₹2.30 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.06.

How much debt does Ganga Forging have?

Ganga Forging reported borrowings of ₹20.07 Cr at Mar 2026, against cash and equivalents of ₹0.11 Cr.

What is the free cash flow of Ganga Forging?

Cash from operations was ₹0.37 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2.80 Cr.

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